NDAA Provisions Would Reshape Pentagon’s Use of Ownership Stakes in Private Companies

Trump has purchased stakes in dozens of companies. Congress is about to clear the way for more.

A provision in the Senate defense bill would allow future administrations to buy stakes in private businesses using taxpayer funds.

NDAA provisions would reshape Pentagon’s use of ownership stakes in private companies

The Pentagon office that lends money to weapons developers would be allowed to take equity stakes in private companies deemed critical to national security under draft provisions of the 2027 defense policy bill. “We have allowed them to take equity in certain sectors. We have, what I think, is a very robust reporting regime and ethics regime, and we are working to reorganize or rationalize equity at the department by co-locating it with the loan…